Job
Description
About BNP Paribas India Solutions: Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Unions leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10,000 employees to provide support and develop best-in-class solutions. About BNP Paribas Group: BNP Paribas is the European Unions leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Groups commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability. Commitment to Diversity and Inclusion Job Title: Vice President / Director/ Head of SMS BP Date: July 2024 Department: Subject Matter Stream in FSS Location: Mumbai Business Line / Function: Finance & Strategy Reports to: (Direct) Head of FSS Grade: (if applicable) VP3/D1 Number of Direct Reports: 4-6 with an overall span of a 60-member team and growing Others: ISPL FSS EXCO Member Position Purpose: The main responsibility of the Subject Matter Stream (SMS) is to ensure the accuracy of the financial and management accounting ledgers through a new BNP Paribas tool (OFS). Lead the various streams of the SMS team, such as Banking Products, Securities portfolio, etc. Be an expert on tools and processes as per SMS TOM and ensure these processes are followed and documented. Drive timely and accurate closing of financial and management accounting in line with Group standards and guidelines. Responsibilities: - Lead the SMS (Banking Products, Securities portfolio, and own funds) Teams. - Drive the production of the Financial and Management accounting for a business unit (entity or business line). - Build the coordination and governance between Platforms and Regional Finance teams for efficient delivery and optimal setup. - Engage with the Finance Controllers to discuss financial and management accounting results, trends, and variances. - Promote the OFS processes and usages from the financial and management accounting, controls, and reporting perspective, in close coherence with the F&S practice. - Leverage and contribute to the F&S process of documentations (SOPs) for respective areas for production teams to follow in the target operating model. - Review account activity/ ledgers for accuracy of financial data and drive timely and accurate inter-company reconciliations. - Build a strong control environment as defined by the BNP Paribas Standard Accounting Control Plan and ensure a strong level 1 control framework. - Be a subject matter expert for the Team and enable requisite training to them on OFS as well as technical aspects of Financial and Management accounting. - Engage with External Audit, Regulators, and internal control teams and drive the resolution of their queries. Technical & Behavioral Competencies: - Strong knowledge of accounting under IFRS. - Strong knowledge of Financial Products. - Client focus. - Collaborative worker & team player. Specific Qualifications (if required): - Chartered Accountant (1st attempt). - Knowledge of financial reporting processes in Banking and Capital Market industry. - Knowledge of Corporate and Investment Banking (CIB) activities and products. - Good communication (oral and written), organization, and documentation skills. Key Competencies: - Knowledge of English language. - Very high comfort working with numbers: analytical mindset, ability to interpret numbers and relay the story. - Strong sense of organization, ability to prioritize tasks and meet deadlines. - Curiosity and open to diverse cultures. Qualifications - External: Primary Skills: - CA (1st attempt). - Strong knowledge of Financial Products & IFRS. - Knowledge of Corporate and Investment Banking (CIB) activities and products. - Good communication (oral and written), organization, and documentation skills.,
